Insider Buying: Farmers National Banc (NASDAQ:FMNB) Director Acquires 40,000 Shares of Stock

Farmers National Banc Corp. (NASDAQ:FMNB) Director Edward Muransky acquired 40,000 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was acquired at an average cost of $12.74 per share, with a total value of $509,600.00. Following the purchase, the director owned 196,020 shares of the company’s stock, valued at approximately $2,497,294.80. This trade represents a 25.64% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Farmers National Banc Stock Up 0.5%

Shares of Farmers National Banc stock traded up $0.07 during trading hours on Wednesday, reaching $13.20. 210,552 shares of the company were exchanged, compared to its average volume of 421,047. The firm has a market cap of $496.98 million, a PE ratio of 9.10 and a beta of 0.85. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.73 and a current ratio of 0.73. Farmers National Banc Corp. has a 1 year low of $11.58 and a 1 year high of $15.50. The stock’s fifty day moving average is $13.37 and its 200 day moving average is $13.82.

Farmers National Banc (NASDAQ:FMNB) last released its earnings results on Wednesday, January 28th. The bank reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.07). Farmers National Banc had a net margin of 19.50% and a return on equity of 13.34%. The company had revenue of $49.89 million during the quarter, compared to analysts’ expectations of $50.70 million. As a group, equities research analysts forecast that Farmers National Banc Corp. will post 1.45 earnings per share for the current year.

Farmers National Banc Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.2%. Farmers National Banc’s payout ratio is currently 46.90%.

Analysts Set New Price Targets

A number of research firms recently commented on FMNB. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Farmers National Banc in a research report on Monday, December 29th. Piper Sandler decreased their price objective on shares of Farmers National Banc from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, January 29th. Zacks Research cut Farmers National Banc from a “hold” rating to a “strong sell” rating in a research report on Monday, February 2nd. Finally, Wall Street Zen cut Farmers National Banc from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Farmers National Banc currently has a consensus rating of “Hold” and an average target price of $14.50.

Institutional Trading of Farmers National Banc

Several institutional investors and hedge funds have recently added to or reduced their stakes in FMNB. Smithfield Trust Co purchased a new position in shares of Farmers National Banc in the 4th quarter valued at approximately $30,000. Godfrey Financial Associates Inc. acquired a new stake in shares of Farmers National Banc during the fourth quarter worth $37,000. Russell Investments Group Ltd. lifted its holdings in shares of Farmers National Banc by 9,065.7% during the third quarter. Russell Investments Group Ltd. now owns 3,208 shares of the bank’s stock worth $46,000 after purchasing an additional 3,173 shares during the period. Tower Research Capital LLC TRC grew its position in Farmers National Banc by 49.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,519 shares of the bank’s stock valued at $62,000 after buying an additional 1,487 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in Farmers National Banc by 220.1% in the 4th quarter. State of Alaska Department of Revenue now owns 4,827 shares of the bank’s stock valued at $64,000 after buying an additional 3,319 shares during the period. 38.72% of the stock is owned by hedge funds and other institutional investors.

Farmers National Banc Company Profile

Farmers National Banc Corp. operates as the bank holding company for Farmers National Bank, a community-oriented financial institution headquartered in Ada, Ohio. The company provides a comprehensive suite of banking services through a network of branches serving rural and small-town markets across central Ohio. Its local decision-making model emphasizes personalized customer service and close ties to the communities it serves.

The company’s primary business activities include the origination of commercial loans, consumer installment loans, agricultural financing, and residential mortgages.